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Daily Market Analysis from Investizo.com
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.png.5b129be41af21be53474cad5d8dbfa8a.png "image(27).thumb.png.ff245521f348913f5dde68a9b11d5eef.png")
The recent gold price dynamics reflects the complex interplay between economic indicators and market sentiment: the price moves in response to changes in the US economic indicators and Federal Reserve policy expectations.
After a strong break of the 2000.00 support level and a further decline to 1984.20, gold prices rose on the back of a sharp fall in US retail sales in January, the largest monthly decline since February 2023, and a drop in jobless claims, a sign that the labor market is strong, reflecting a robust economy. These factors, along with a weaker dollar and falling government bond yields, are making gold more attractive to international investors.
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Fundamental analysis GBPUSD for 21.02.2024
The current analysis of GBP/USD shows that the price movement has no clear direction, as economic conditions in the US and UK show uncertainty, as do expectations related to central bank policies and economic data releases.
Sterling failed to hold gains despite hitting a weekly high near 1.26800, which was particularly influenced by comments from Bank of England officials. Governor Andrew Bailey said market expectations for a rate cut were not "unreasonable" and pointed to signs of easing price pressures, but did not say when or how much policy adjustments would be made. Deputy Governor Ben Broadbent and Policy Director Swati Dhingra also attended the meeting, emphasizing the shift in focus from the scope to duration of restrictive monetary policy and warning of the negative effects of high interest rates on the economy. Analysts argue that interest rate cuts are urgently needed to avoid long-term economic damage, but concerns remain about the impact of continued tight monetary policy on UK economic growth.
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The current analysis of GBP/USD shows that the price movement has no clear direction, as economic conditions in the US and UK show uncertainty, as do expectations related to central bank policies and economic data releases.
Sterling failed to hold gains despite hitting a weekly high near 1.26800, which was particularly influenced by comments from Bank of England officials. Governor Andrew Bailey said market expectations for a rate cut were not "unreasonable" and pointed to signs of easing price pressures, but did not say when or how much policy adjustments would be made. Deputy Governor Ben Broadbent and Policy Director Swati Dhingra also attended the meeting, emphasizing the shift in focus from the scope to duration of restrictive monetary policy and warning of the negative effects of high interest rates on the economy. Analysts argue that interest rate cuts are urgently needed to avoid long-term economic damage, but concerns remain about the impact of continued tight monetary policy on UK economic growth.
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Fundamental analysis WTI for 26.02.2024
While the global oil market is under pressure and uncertainty, the price of WTI crude oil fell and reached 76.00.
The main reason for this fall is the increase in interest rates around the world, which limits economic activity and, in turn, reduces oil consumption and decreases demand. Federal Open Market Committee meeting minutes and hawkish comments from Fed officials point to concerns about continued inflationary pressures, lower short-term interest rates and the need to keep debt payments on hold. These ideas traditionally and naturally lead to lower oil prices.
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While the global oil market is under pressure and uncertainty, the price of WTI crude oil fell and reached 76.00.
The main reason for this fall is the increase in interest rates around the world, which limits economic activity and, in turn, reduces oil consumption and decreases demand. Federal Open Market Committee meeting minutes and hawkish comments from Fed officials point to concerns about continued inflationary pressures, lower short-term interest rates and the need to keep debt payments on hold. These ideas traditionally and naturally lead to lower oil prices.
Read more
Fundamental analysis USDJPY for 27.03.2024
The USD/JPY pair drifted lower for the third consecutive day, nearing its lowest level since November 2023 against the backdrop of a dovish stance from the Bank of Japan (BoJ) following its recent interest rate hike. Despite the BoJ's move, uncertainty persists regarding future policy steps, with the central bank refraining from providing clear guidance on the trajectory of policy normalization. Verbal interventions from Japanese authorities have served to stem further losses, but the JPY remains under pressure.
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The USD/JPY pair drifted lower for the third consecutive day, nearing its lowest level since November 2023 against the backdrop of a dovish stance from the Bank of Japan (BoJ) following its recent interest rate hike. Despite the BoJ's move, uncertainty persists regarding future policy steps, with the central bank refraining from providing clear guidance on the trajectory of policy normalization. Verbal interventions from Japanese authorities have served to stem further losses, but the JPY remains under pressure.
Read more
Fundamental analysis USDJPY for 01.04.2024
The Japanese Yen (JPY) initiates the week with a a softer note against the US Dollar (USD), yet lacks significant momentum, remaining ensconced within a familiar range sustained over the preceding fortnight. The cautious stance of the Bank of Japan (BoJ) regarding further policy tightening, coupled with the prevailing risk-on sentiment, continues to exert downward pressure on the safe-haven JPY. Nevertheless, the prospect of potential government intervention to counter excessive depreciation in the domestic currency restrains aggressive bearish bets on the JPY.
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The Japanese Yen (JPY) initiates the week with a a softer note against the US Dollar (USD), yet lacks significant momentum, remaining ensconced within a familiar range sustained over the preceding fortnight. The cautious stance of the Bank of Japan (BoJ) regarding further policy tightening, coupled with the prevailing risk-on sentiment, continues to exert downward pressure on the safe-haven JPY. Nevertheless, the prospect of potential government intervention to counter excessive depreciation in the domestic currency restrains aggressive bearish bets on the JPY.
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